GLOBALIZATION AND GLOBAL TRADE PATTERNS

LEARNING GOAL 4: COMPARE GLOBAL TRADE PATTERNS OVER TIME AND EXAMINE HOW GLOBALIZATION HAS AFFECTED SOCIETIES AT DIFFERENT LEVELS OF DEVELOPMENT.

Criteria for Success

•Identify historic trade routes

•Understand the connection between globalization and development

IS GLOBALIZATION A NEW IDEA/CONCEPT??

GLOBAL HISTORY OF CHINA

silk exported from China to the Mediterranean

gunpowder travels from China to

Europe

tea, porcelain exported from China to Europe

manufactured goods exported from China

500’s 1300’s 1800’s 1900’s

China has always been a part of globalization of markets!!!!

NO!!!

MIDDLE EAST- THE WORLDS CROSSROAD

The Middle East stands at the crossroads of three continents: Africa, Asia and Europe.

Since ancient times it has developed major trade routes over land and sea

WHAT IS BLUE, A QUARTER OF A MILE LONG, AND TALLER THAN LONDON'S OLYMPIC STADIUM?

The newest container ship, the Triple ELarge volumes of goods are produced in Asia and then consumed in Europe and the US.

Many worry these giant ships are symbols of the world's trade imbalance

CHANGING TRADE PATTERNS (IMPACTS):

-Trade organization increase region growth/ diversity

-Overall increasing interdependence

-Increased industrialization/ trade has led to increased pollution (air & water)

-Allowed for more technology that shapes the environmentExamples:dams and agriculture equip.

- Global trade has speed up cultural diffusion & convergence.

-Economic benefits have increased standard of living in newly industrialized nations Example:China

ECONOMIC ENVIRONMENTAL SOCIAL

FREE TRADE ZONES

FTZ- a designated area that eliminates traditional trade barriers, such as tariffs, and minimizes bureaucratic regulations

Due to increased global interactions free trade zones have become more common

Benefits Challenges

Attracts new business

Maximized savings

Minimized company cost

Bidding wars sometimes erupt between competing governments

MEDICAL ADVANCEMENTS(IMPACTS):

-Healthier more skilled workers

-Improves economic production

-Growing populations

- Expansion into fragile environments

- Increased life expectancy

-Decreased infant mortality rate

Decrease in infection disease etc.

ECONOMIC ENVIRONMENTAL SOCIAL